In populating their skills matrices, board chairs often find that recruiting directors with suitable risk governance experience is their most difficult task. According to the DCRO Institute (Directors and Chief Risk Officers), those most capable of leading board risk oversight have much experience “demonstrating a serious commitment to the positive governance of risk-taking at their […]
Articles
Failure of Risk Management: Learning from Silicon Valley Bank
In his article entitled “Risky Business: Important Lessons From SVB’s Demise” 1 , writer Atul Vashistha describes SVB’s collapse being as a result of “shoddy Risk Management”. Was the SVB collapse the beginning of a banking crises, or was the SVB collapse a lesson in failed enterprise risk management practices which all companies can learn […]
De-risking in 2023
To prepare you for overseeing, de-risking and managing your organizational risks in 2023, we’ve consolidated results from surveys conducted by two of the world’s top risk management authorities. One survey represents a strategic view from boards and C-Suite, while the second survey reflects more operational risks. The 4,016 respondents from around the globe have provided […]
Preparing Directors to Fight the Raging Cyber War in 2023
In our article “Top Risks Your Business will Face in 2022”, we warned boards to be sure that their management’s corporate risk registers reflected survey results denoting Cyber risk as the #1 threat to business worldwide.1 The latest research adds more urgency to the need to protect mission critical assets. In an article posted by […]
Rating your Board & Management Risk Oversight effectiveness
The world is a risky place to operate a business in-considering COVID-19 variants, Cyber threats, Supply Chain interruptions, Climate Change, and other challenges such as the Great Resignation, War in Ukraine and increasing flooding, fires and natural catastrophes…the complexity of emerging risks over the past three years has prompted many organizations to invest more in […]
Consequences of Boards not Overseeing Risk
Oversight and disclosure by directors of carbon risks is now being guided by courts, regulators, and institutional investors. Similarly, in the ongoing litigation relating to the AIRMAX 737 jets, the courts are considering whether Boeing’s independent directors may have personal liability for failing to oversee management of the corporation’s core risks1. What are the best […]
Top Risks which your Business will face in 2022
Once again, we are pleased to continue our annual tradition by sending you an overview of the most important global business risks for the new year. Like with the last two years, we’ve chosen to source the Allianz 2022 Risk Barometer, an excellent survey comprising responses from 2,650 businesses in 89 countries. This report profiles […]
Directors Global launches “Risk Leadership” training for Boards and Executive Teams
Directors Global is proud to launch its new web site. We’re also very excited about formally launching our new “Risk Leadership” education & training program for directors and executives. Training for senior leaders in understanding, implementing and overseeing organization-wide and strategic Enterprise Risk Management has been a void in the Canadian marketplace- we’re filling that […]
Top Risks You Need to be Concerned About in 2021
Most boards and executive teams review, at least annually, the corporate Risk Registers prepared by their organization’s management. To ensure proper prioritization, a Risk Register should be regularly updated to capture new and emerging risks and to reflect changing internal and external conditions. Senior leadership will benefit from a quick review of the new 2021 […]
COVID-19 Resource Centre for Canadian Businesses
It an honour to be chosen as a member of the GPC Advisory Panel (Governance Professionals of Canada) for Navigating Covid-19 Governance and Recovery matters. What does this mean for you? To help Canadian businesses manage through this crisis, the GPC is offering an open exchange for members and non-members to submit questions and get […]